Hong Kong Government’s Policy Address 2020 Key Takeaways primarily relevant to the Real Estate and Infrastructure sector November 25, 2020 Summary Authors/Presenters This year’s Policy Address was delivered today (25th November 2020) amidst the backdrop of a changing and dynamic environment. The Chief Executive (“CE”) has set out a variety of key initiatives to address the city’s land Andrew MacGeoch and housing supply, infrastructure, the environment, Co-Author collaboration with the Greater Bay Area (“GBA”), and HK’s Partner and Regional Practice Group Leader - Real Estate ongoing role as an international financial center. We set Asia out a list of key takeaways below highlighting primarily Hong Kong
[email protected] those aspects involving real estate and infrastructure. OPENING This year’s Policy Address was delivered today (25th November 2020) amidst the backdrop of a changing and dynamic environment. The Chief Executive (“CE”) has set out a variety of key initiatives to address the city’s land and housing supply, infrastructure, the environment, collaboration with the Greater Bay Area (“GBA”), and HK’s ongoing role as an international financial center. We set Page 1 of 11 out a list of key takeaways below highlighting primarily those aspects involving real estate and infrastructure. LAND SUPPLY Increasing land supply is a top priority of the Government. Glenn Haley At present, the Government has identified new land supply Co-Author with a total area of 90 hectares along the Northern Link, Partner Hong Kong including the San Tin / Lok Ma Chau Development Node.
[email protected] Further initiatives to support the increase of land supply include: Development of Siu Ho Wan Depot Site.